Customers Bancorp, Inc. 4

4 · Customers Bancorp, Inc. · Filed Mar 21, 2016

Form 4

Period: 2016-02-24

CFO&Executive Vice President

Transactions

Holdings

Stock Options (right to buy)
Exercise: $23.36From: 2020-08-26Exp: 2025-08-26→ Common Stock (40,000 underlying)
40,000
Stock Options (right to buy)
Exercise: $17.65From: 2019-02-20Exp: 2024-02-20→ Common Stock (22,000 underlying)
22,000
Stock Options (right to buy)
Exercise: $15.62From: 2018-08-05Exp: 2023-08-05→ Common Stock (22,000 underlying)
22,000

Footnotes (4)

[F1]Grant of restricted stock award in connection with 2015 performance bonus, with shares vesting in accordance with the terms of the award. A portion of this grant was provided in lieu of a cash bonus payment.
[F2]On May 15, 2014, Customers Bancorp, Inc. declared a 10% stock dividend payable to all holders of record of common stock on May 27, 2014 (the "Stock Dividend"). As a result, the reporting person received additional shares of common stock as of June 30, 2014.
[F3]Exercise price adjusted to account for Stock Dividend.
[F4]Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of the date of grant, subject to either (i) total shareholder returns over the vesting period of at least 50%, or (ii) compound annual growth in diluted EPS for the company of at least 10% over the vesting period.

Documents

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